Agency Agreement

Year2006
PartiesEl Banco Financial Corporation (the "Company"), sales agent (the "Agent" or "you")
StateGeorgia
SectionCommercial Contracts
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Exhibit10.16

ELBANCOFINANCIALCORPORATION
AGENCYAGREEMENT
,2006
LadiesandGentlemen:
ElBancoFinancialCorporation,aGeorgiacorporation(the"Company"),proposes,subjecttothetermsandconditionsstatedherein,toengagethe
salesagentidentifiedonthesignaturepagetothisAgreement(the"Agent"or"you")toassisttheCompanyona"bestefforts"basisinthesaleof
theCompany'scommonstock,$.01parvaluepershare(the"Shares").
1.TheOffering.TheCompanyisofferingtheShares,inconnectionwiththeCompany'sinitialpublicoffering(the"Offering").
TheCompanyhaspreparedandfiled,inaccordancewiththeprovisionsoftheSecuritiesActof1933andtherulesandregulationsthereunder
(collectively,the"1933Act"),withtheSecuritiesandExchangeCommission(the"Commission")aregistrationstatementonFormSB-2(FileNo.
333-135900)underthe1933Act,includingaprospectus,relatingtotheShares.Exceptwherethecontextotherwiserequires,"Registration
Statement,"asusedherein,meanstheregistrationstatement,asamendedatthetimeofsuchregistrationstatement'seffectivenessforpurposesof
Section11ofthe1933Act(the"EffectiveTime"),including(i)alldocumentsfiledasapartthereof,(ii)anyinformationcontainedinaprospectus
subsequentlyfiledwiththeCommissionpursuanttoRule424(b)underthe1933Actanddeemed,pursuanttoRule430AorRule430Cunderthe
1933Act,tobepartoftheregistrationstatementattheEffectiveTime,and(iii)anyregistrationstatementfiledtoregistertheofferandsaleofthe
SharespursuanttoRule462(b)underthe1933Act.
Exceptwherethecontextotherwiserequires,a"PreliminaryProspectus,"asusedherein,meansanypreliminaryprospectusincludedinthe
RegistrationStatementorfiledwiththeCommissionpursuanttoRule424(a)undertheSecuritiesAct.
Exceptwherethecontextotherwiserequires,"Prospectus,"asusedherein,meanstheprospectusfiledbytheCompanywiththeCommission
pursuanttoRule424(b)underthe1933ActonorbeforethesecondbusinessdayaftertheEffectiveTime(orsuchearliertimeasmayberequired
undertheAct),or,ifnosuchfilingisrequired,thefinalprospectusincludedintheRegistrationStatementattheEffectiveTime.
"PermittedFreeWritingProspectuses,"asusedherein,meansthedocumentsandeach"roadshow"(asdefinedinRule433(h)(4)underthe1933
Act),ifany,relatedtotheofferingoftheSharescontemplatedherebythatisa"writtencommunication"(asdefinedinRule405underthe1933Act).
"DisclosurePackage,"asusedherein,meansanyPreliminaryProspectustogetherwithanycombinationofoneormoreofthePermittedFree
WritingProspectuses,ifany.
"BlueSkyApplication,"asusedherein,meansanyinstrumentordocumentexecutedbytheCompanyorbaseduponwritteninformationsupplied
bytheCompanyfiledinanystateorjurisdictiontoregisterorqualifyanyoralloftheSharesortoclaimanexemptiontherefromorprovidedtoany
stateorjurisdictiontoexempttheCompanyasabroker-dealerortheofficers,directorsoremployeesasbroker-dealersoragentsoftheCompany
underthesecuritieslawsthereof.
AnyreferencehereintotheRegistrationStatement,anyPreliminaryProspectus,theProspectusoranyPermittedFreeWritingProspectusshallbe
deemedtorefertoandincludethedocuments,ifany,incorporatedbyreference,ordeemedtobeincorporatedbyreference,therein(the
"IncorporatedDocuments"),including,withoutlimitation,unlessthecontextotherwiserequires,thedocuments,if
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